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In order to compete with streaming giants like Amazon and Netflix, AT&T and Time Warner won their bid to merge on Tuesday.
After the deal, AT&T will own HBO and Turner Broadcasting Systems, which includes a number of television networks, CNN, and Warner Brothers Studio.
One of the arguments AT&T's lawyers made before a judge deciding the fate of its proposed merger with Time Warner was that joining forces was the only way it could compete with the likes of Netflix and Amazon.
Due to declining television ad dollars - a result of cord-cutting and the rise of...Read more ...